Bitcoin extended its biggest jump in more than a week following the Federal Reserve’s latest monetary policy meeting and comments from Chair Jerome Powell that touched briefly upon crypto regulation.

Bitcoin is up following Fed Chair Jerome Powell's comments about crypto offerings in banks – he appears to have taken a swipe at the alleged Operation Choke Point 2.0 that the Biden administration was accused of implementing in the past few years.

The Fed keeps rates at 4.25%-4.50%, avoiding commitment to cuts. Bitcoin dips 1% but remains above $100K as markets assess Powell’s stance.

Bitcoin demonstrated market resilience by rebounding 4% to $105,031 following the Federal Reserve's decision to maintain current interest rates, supported by positive regulatory signals and broader market optimism.

BITCOIN held its biggest jump in more than a week following the US Federal Reserve’s interest-rate decision and comments from chair Jerome Powell that touched briefly upon crypto regulation. Read more at The Business Times.

Bitcoin shot up 4.5% on Jan. 29, climbing to around $105,000 after the Federal Reserve decided to hold interest rates steady. Traders snapped back to riskier assets after five straight days of losses.

The US Federal Reserve is broadly expected to leave its key rate unchanged as it announces its policy decision on Wednesday, January 29. Rate cuts tend to be meaningfully positive for Bitcoin as they make bonds and saving accounts less attractive,